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it is the powerful tribes that govern large parts of the country. for many, it is a fight for survival. international aid and food deliveries to prevent the worse. >> we spoke earlier with our analyst from yemen and we asked him for his take on the situation in the country. >> that report paints a rather desperate picture. it overlooks the positive aspects of the political transition and the peaceful protests triggering major bridge a major political changes in yemen. they put an end to 33 years and they also managed to give birth to a transition plan which contains a road map for change and has international support. it is certainly not a perfect plan, but it leads to the election of a new interim president. the new dialogue starts today and it faces some challenges, i agree, but first and foremost a provides an excellent challenge for a new beginning. >> tell us more about this national dialogue. what are they hoping to achieve? >> the national dialogue conference aims to achieve, among other things, unity in a country that is drifting apart and p
it is the powerful tribes that govern large parts of the country. for many, it is a fight for survival. international aid and food deliveries to prevent the worse. >> we spoke earlier with our analyst from yemen and we asked him for his take on the situation in the country. >> that report paints a rather desperate picture. it overlooks the positive aspects of the political transition and the peaceful protests triggering major bridge a major political changes in yemen. they put an...
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when power is divided between entities like the bannerman and the government just the president ends up with no power lies and it's easy then if it happens in a state you can stage fights and conflicts this clash on the people with the hind all this you can lay your hands on some valuable assets privatizing before anyone knows it so they don't like it that they can't do it for freedom of speech of liberalism and other such things but that can a serious how is it even possible not to have them with all the modern media around there is no way for instance that russia today is a channel i have any influence on if you like it you can watch it anyone can and there is also the internet our analysts have calculated fifty one percent of our active population are not active internet users how can i possibly keep their mouths shut i am more than anyone opposed to bans building when says and other such things you can win the fight if you stay strong if you're weak you better stay out of the fight because you're only going to get yourself and your state chased into a corner so i don't want to so
when power is divided between entities like the bannerman and the government just the president ends up with no power lies and it's easy then if it happens in a state you can stage fights and conflicts this clash on the people with the hind all this you can lay your hands on some valuable assets privatizing before anyone knows it so they don't like it that they can't do it for freedom of speech of liberalism and other such things but that can a serious how is it even possible not to have them...
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Mar 18, 2013
03/13
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KTVU
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then as i priest avenue the government he and others had to keep their politicians the the himself. his passion for the poor impressed the vatican. as pope he set out in the footsteps of st. peter to become the rock that the church stands on. he was never to waiver, he was shot five times in an assassination attempt. as his body bent his spiritual spine did not. relentlessly he it can his message to a world that hello. some hoped he would take a stands on matters such as material. >> to commit your service to the truth. america needs much prayer, or it will lose its soul. >> reporter: in 1987 behind bullet-proof gas he was greeted with agolation. but he called on fidel ka too. h he told -- but he called on fidel castro. he spoke openly against the war in iraq. causing discomfort for president bush. it wasn't the first time whence. the vatican had promised the pope would not bring the topic of stem cell research. the pope ignored that and made a speech on the -p topic ooze the president listened. >> a free and gorgeous network. what is what the church is about to be. congregations ha
then as i priest avenue the government he and others had to keep their politicians the the himself. his passion for the poor impressed the vatican. as pope he set out in the footsteps of st. peter to become the rock that the church stands on. he was never to waiver, he was shot five times in an assassination attempt. as his body bent his spiritual spine did not. relentlessly he it can his message to a world that hello. some hoped he would take a stands on matters such as material. >> to...
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Mar 18, 2013
03/13
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KPIX
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then as i priest avenue the government he and others had to keep their politicians the the himself. his passion for the poor impressed the vatican. as pope he set out in the footsteps of st. peter to become the rock that the church stands on. he was never to waiver, he was shot five times in an assassination attempt. as his body bent his spiritual spine did not. relentlessly he it can his message to a world that hello. some hoped he would take a stands on matters such as material. >> to commit your service to the truth. america needs much prayer, or it will lose its soul. >> reporter: in 1987 behind bullet-proof gas he was greeted with agolation. but he called on fidel ka too. h he told -- but he called on fidel castro. he spoke openly against the war in iraq. causing discomfort for president bush. it wasn't the first time whence. the vatican had promised the pope would not bring the topic of stem cell research. the pope ignored that and made a speech on the -p topic ooze the president listened. >> a free and gorgeous network. what is what the church is about to be. congregations ha
then as i priest avenue the government he and others had to keep their politicians the the himself. his passion for the poor impressed the vatican. as pope he set out in the footsteps of st. peter to become the rock that the church stands on. he was never to waiver, he was shot five times in an assassination attempt. as his body bent his spiritual spine did not. relentlessly he it can his message to a world that hello. some hoped he would take a stands on matters such as material. >> to...
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one issue and the reason that we have these companies in cyprus also why rules how to get the russian government aid you cite. i don't think that they will move immediately but they were definite look at the situation closely what we understand is if we look at the metals in oil companies that have subsidiaries of some sort of cyprus we don't store much cash we know that russian banks have some exposure russia six sort of exposure but what we at least believe we know is that the russian companies don't store a lot of cash in cyprus and when money goes to cyprus it might not be the final destination it could also go from cyprus to switzerland cetera but i do believe that russian companies would have some kind of operations in cyprus would be monitoring the situation very closely. ok we're actually going to stay with the topic just now got tanya just had to fill me in on all the details and as i understand it you've been speaking to heads of companies russian business what it's like to save all of us right here so you know i've spoken to russia's richest man been there alex amer of the show of who
one issue and the reason that we have these companies in cyprus also why rules how to get the russian government aid you cite. i don't think that they will move immediately but they were definite look at the situation closely what we understand is if we look at the metals in oil companies that have subsidiaries of some sort of cyprus we don't store much cash we know that russian banks have some exposure russia six sort of exposure but what we at least believe we know is that the russian...
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series now in a surge here of civil war between government and assad forces france and britain they anniversary with calls to better equip or rebel fighters that's despite numerous reports of radical islamists among the opposition ranks and there's an she's marie of a notion reports now the conflict has since seventy thousand people killed and millions flee their homes this part of syria known as mesopotamia between the tigris and euphrates rivers is considered a cradle of civilization has been home to many african religious groups living in peace and harmony for ages people here believe this diversity is serious strong point but some warn it could also be used against the country and that's something to destroy. and to regime slogans in syria have been repeated to the longest of arab spring countries but assad didn't step down within weeks like the leaders of to measure and egypt nor did his regime fall within months like colonel gadhafi is in libya opposing sides have gone beyond demonstrations and clashes killings have become an everyday reality those wanting to go both at home and abroad ha
series now in a surge here of civil war between government and assad forces france and britain they anniversary with calls to better equip or rebel fighters that's despite numerous reports of radical islamists among the opposition ranks and there's an she's marie of a notion reports now the conflict has since seventy thousand people killed and millions flee their homes this part of syria known as mesopotamia between the tigris and euphrates rivers is considered a cradle of civilization has been...
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Mar 18, 2013
03/13
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they don't have a government. they're, in my view, unlikely to get a stable government for some time to come and they've got a hell of a lot of debt, about 130% of gdp. and there has been discussion there of having a wealth tax in order to try to reduce that huge debt burden of the italian state. that doesn't mean they have to have a deposit tax. there are other ways of having wealth taxes, which will be preferable. but that certainly is, i think, the biggest fallout risk from this. >> and is we're seeing that play out across markets. and you think as you've written that this amounts to legalized bank robbery. >> yes. >> what's happening in cyprus is an extraordinary and new and it sounds like something that should be illegal from your point of view. >> yes. what they've done is -- what they've done is they've found a work around. the deposit guarantee scheme. thee receipt cannily, up to 100,000 euros, you are guaranteed in cyprus. but what the government has done is taxed themselves them itself. and i think that'
they don't have a government. they're, in my view, unlikely to get a stable government for some time to come and they've got a hell of a lot of debt, about 130% of gdp. and there has been discussion there of having a wealth tax in order to try to reduce that huge debt burden of the italian state. that doesn't mean they have to have a deposit tax. there are other ways of having wealth taxes, which will be preferable. but that certainly is, i think, the biggest fallout risk from this. >>...
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capital nicosia and other cities to protest the terms of the bailout and to urge their newly elected government to reject it according to the e.u. and the i.m.f. their plan is designed to make the wealthy russians who use cyprus is a tax haven pay their fair share russia is not a member of the e.u. in the possibilities of subsidizing non e.u. bank accounts it's not a politically popular position for the leaders of large euro zone countries like germany and france but this explanation really doesn't make much sense at all why should anyone wealthy foreigner or not after pay for a crisis they didn't cause poor decisions by bank executives not savings accounts cause this crisis what's even more ridiculous is the fact that the e.u. levy will mostly punish working class cypriots remember the plan mandates a six point seven five percent cut from all accounts holding less than one hundred thousand euros that's a large amount of money for any person let alone an everyday citizen of one of the euro zone's smallest economies to pay cyprus bailout plan is the clearest example yet that the leaders of the e
capital nicosia and other cities to protest the terms of the bailout and to urge their newly elected government to reject it according to the e.u. and the i.m.f. their plan is designed to make the wealthy russians who use cyprus is a tax haven pay their fair share russia is not a member of the e.u. in the possibilities of subsidizing non e.u. bank accounts it's not a politically popular position for the leaders of large euro zone countries like germany and france but this explanation really...
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Mar 18, 2013
03/13
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he has no experience in rung government. one day his father died and he becomes the leaderment we know that north korea for a long period of time, their whole mode of operation basically is threatening. but we also know that they're dangerous. they have nuclear weapons. they have ballistic missiles. and we have to take that very seriously. the secretary of defense hagel took a position that we're going to improve and add more defense to any type of missile that can come on the west coast of the united states, alaska and also california. >> i want to ask you about that. first, the deputy secretary of defense is in seoul today for the joint military exercises i referenced. he said north korea's threats would deepen the commitment to seoul and that u.s. budget cuts wouldn't alter our defense of south korea. we have 30,000 troops in seoul, second only to afghanistan. that is a massive commitment. with all the cullbacks in the defense department, isn't this a scenario that has to be up for trimming just by definition. >> we have
he has no experience in rung government. one day his father died and he becomes the leaderment we know that north korea for a long period of time, their whole mode of operation basically is threatening. but we also know that they're dangerous. they have nuclear weapons. they have ballistic missiles. and we have to take that very seriously. the secretary of defense hagel took a position that we're going to improve and add more defense to any type of missile that can come on the west coast of the...
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Mar 18, 2013
03/13
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do lawmakers sound hopeful that the government shoulddown can be avoided? >> harris, none of the lawmakers we heard from today actually threatened to shut down the government at the end of the march and the focus seems to have shifted past the upcoming deadline to extend that short-term budget resolution and on to a more grand bargain, but speaker boehner says he doesn't know if democrats and republicans can come together for a big deal and comes amid criticism of his colleague congressman paul ryan, the budget proposal and balance in a decade hinges on the repeal of obamacare. >> we believe that the law will collapse under its own weight and people will be eager as the details unfold. point two, the same point could be made for the senate budget, dead on arrival in the house, a trillion dollar tax increase with even more spending. >> reporter: ryan is of course the top republican on the house budget committee. the top democrat, democrat chris van holland made the case against the ryan budget proposal paying particular attention to the theoretical repeal of
do lawmakers sound hopeful that the government shoulddown can be avoided? >> harris, none of the lawmakers we heard from today actually threatened to shut down the government at the end of the march and the focus seems to have shifted past the upcoming deadline to extend that short-term budget resolution and on to a more grand bargain, but speaker boehner says he doesn't know if democrats and republicans can come together for a big deal and comes amid criticism of his colleague...
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Mar 18, 2013
03/13
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FBC
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not bigger government. it's about taxes not having to go up to do the same thing. think about this, this whole sequester joke, you know, the pr messaging thing that they put out here that was going to be so bad is failing on them. and the white house is trying to backtrack on all the pr they put out how bad sequestration was going to be. the reality sequestration only brings us back to where we were in 2012 and 2011 and even when you account for increase in medicare and medicaid spending. it really wasn't what they told us. stuart: you know, dr. carson is using pretty tough language and saying that the president is ruining the country. he uses that word, ruining. now he delivers it in a soft voice with a smile on his face and that's harsh stuff. you're a conservative. do you go that far, is he ruining the country? >> he has gone that far, yes, more and more people on the government dole. if things are getting better why are food stamps up to almost 100 billion dollars when prime minister took over 39 or 40
not bigger government. it's about taxes not having to go up to do the same thing. think about this, this whole sequester joke, you know, the pr messaging thing that they put out here that was going to be so bad is failing on them. and the white house is trying to backtrack on all the pr they put out how bad sequestration was going to be. the reality sequestration only brings us back to where we were in 2012 and 2011 and even when you account for increase in medicare and medicaid spending. it...
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Mar 18, 2013
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signs off on any other plan if this one gets ditched, if the cyprus government rejects it. it has to be put to a vote in cyprus. >> also, as we look at what happened with asian markets overnight and the european markets as well, spanish bonds, italian bonds, those yields jumped on this news so really, the story is already spreading at least from an investment perspective. >> that was the fear overnight that immediately you would get runs on the banks in spain and italy and other countries as depositors there feared that this set a precedent and you could get the same tax over there but as the day wore on, i think people are coming to the conclusion that this is cyprus specific because they don't have bonds. they have mostly depositors and so it is more specific to cyprus and cyprus is not that important and the feeling is somehow they'll work it out. i think what the markets are telling you today is that they can handle this. it is an interesting intellectual precedent, though. cheryl: a lot of russian, wealthy russians have money parked in cyprus banks so you've got, you k
signs off on any other plan if this one gets ditched, if the cyprus government rejects it. it has to be put to a vote in cyprus. >> also, as we look at what happened with asian markets overnight and the european markets as well, spanish bonds, italian bonds, those yields jumped on this news so really, the story is already spreading at least from an investment perspective. >> that was the fear overnight that immediately you would get runs on the banks in spain and italy and other...
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Mar 18, 2013
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yours of the government's? the government is preventing the bank from giving it back to you. tracy: we were talking earlier. does anyone have any legal recourse? >> i don't know if anyone has any legal recourse. it is basically a socialist the island. here we would have a couple challenges. one is the equal protection challenge. it would be trading money in savings accounts differently than it is treating other pools of money. in the constitution requires that similar assets, similar people be treated in a similar way. you could argue that it is taking. it is not a tax but a seizure of something that is yours. what is being taxed? that your income, but your savings after you say been accumulated. adam: looking at the u.s. system. what is happening in cyprus. 100,000 euros are less if you have similar protection as we have a u.s. fdic. what good is that kind of insurance if they're saying that this insurance is not going to cost you should a bank go belly up? >> nothing. it's like what good is the constitution of the government seems to find a devious ways to get around it. wh
yours of the government's? the government is preventing the bank from giving it back to you. tracy: we were talking earlier. does anyone have any legal recourse? >> i don't know if anyone has any legal recourse. it is basically a socialist the island. here we would have a couple challenges. one is the equal protection challenge. it would be trading money in savings accounts differently than it is treating other pools of money. in the constitution requires that similar assets, similar...
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Mar 18, 2013
03/13
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so the government has been signaling other moves in other stocks. so i like to buy things on a bargain when i go shopping. now is a great time to sit and do fundamental analysis. >> that is the huge caveat. this is not going and picking randomly through stocks. you have to really know the stuff inside out before you get involved. >> you have to do work to make money. what a concept. no, i agree. >> do you like french banks. >> i don't have any particular view on one general sector. it's bank by bank by bank. there's no easy trade here. >> are there any banks that you like in france. >> i don't have any off the top of my head right now. there's an italian company with 17% of the revenue comes from italy. so it's going to get sold down in the italian market. a german robotics company. a lot of revenue comes from outside the eu. it is giving a sale. it's really a great find. >> any hedging currency based on the dollar to the euro? >> yes. we go long and short. so on the net currency we tend to hedge it, yes. >> when you compare europe to the united sta
so the government has been signaling other moves in other stocks. so i like to buy things on a bargain when i go shopping. now is a great time to sit and do fundamental analysis. >> that is the huge caveat. this is not going and picking randomly through stocks. you have to really know the stuff inside out before you get involved. >> you have to do work to make money. what a concept. no, i agree. >> do you like french banks. >> i don't have any particular view on one...
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Mar 18, 2013
03/13
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that's going to be tougher to sell to local governments. might be able to tax them even if it's a remote possibility it makes that european banking union tougher. let's look at what's on the upside and it's all the sort of risk/loss kind of things. gold is up. metal and mining stock is up. long-term treasuries are up. all the bond etfs are to the upside. biggest corporate bond, lqd. all of them are on the upside. not a surprise but fairly modest moves for them as you can see. >> thank you. >>> all right. let's go to check on energy and commodities. sharon epperson at the nymex. >> definitely. that's what where the safe haven bid is. gold prices up 1700 an ounce. we got as high as 1610 an ounce. they say that is the number gold needs to close above to sustain any upward momentum here. we're still looking at $11 gain or so in the gold price. we're also keeping an eye on what's happening in other metals because copper, it's a far different story. copper continues to be one of the worst performing commodities of the day, considering what has ha
that's going to be tougher to sell to local governments. might be able to tax them even if it's a remote possibility it makes that european banking union tougher. let's look at what's on the upside and it's all the sort of risk/loss kind of things. gold is up. metal and mining stock is up. long-term treasuries are up. all the bond etfs are to the upside. biggest corporate bond, lqd. all of them are on the upside. not a surprise but fairly modest moves for them as you can see. >> thank...
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Mar 18, 2013
03/13
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that's antithetical to your philosophy, which is minority voters largely accept a greater degree of government intervention than republicans can accept. that being said, i want to answer your question directly so i'll offer and you philosophical and policy example. on the philosophical level, you must communicate that the economic philosophy of republicans has caused a massive amount of wealth for everyone. and education is ripe if reform and republican principles are perfect for minority voters. >> should i let you weigh in? >> i'm sorry. >> why are you laughing? >> you're laughing at education. expound upon your laughter on education. >> well, because its s's ridicus to try to think that the party who tried to get rid of the department of education is the one who wants to push education. it's ridiculous to think the tent that wanted to gut the teachers union want to push education. the party that wanted to take funding away from education is now the party in favor of education. that's reason i started laughing. >> those policieses worked well for you over the last 40 years. those schools tha
that's antithetical to your philosophy, which is minority voters largely accept a greater degree of government intervention than republicans can accept. that being said, i want to answer your question directly so i'll offer and you philosophical and policy example. on the philosophical level, you must communicate that the economic philosophy of republicans has caused a massive amount of wealth for everyone. and education is ripe if reform and republican principles are perfect for minority...